I think this confluence of trendlines will provide strong support for COTI. Once the price breaks out of the pink falling wedge COTI should outperform BTC. What's your take?
This analysis is dedicated to @TheAussieBogan 🦘
Cheers!
This analysis is dedicated to @TheAussieBogan 🦘
Cheers!
הערה:
Zoom out to see the oldest trendline
הערה:
Drawings updated. COTI broke out of the pink falling wedge and now trying to get back above the trendlines confluence. That would be really bullish 🐂
הערה:
Inverted Head and Shoulders in the making. If confirmed it should get the price comfortably above the trendlines confluence.
הערה:
Inverted Head and Shoulders invalidated. Anyway the neckline acts as strong resistance, so if break it and get above, that would be good sign.
הערה:
Neckline broken, now it should act as support. I think we can see pullback to test this level as support. My target will be the lime major downtrendline.
הערה:
Neckline successfully tested as support, price has been squashed between trendlines, and now prolly breaking up. Close above the upper yellow trendline should be bullish.
הערה:
Closed above the upper yellow trendline, tested as support and went up. Retest of the yellow trendlines possible before next leg higher.
עסקה סגורה: היעד הושג:
Here we go, lime Trendline (=Target) hit! 🎯
הערה:
Spilled badly after reaching the target. Now back on track...
